Bath Savings Trust Co Sells 72 Shares of Chevron Co. (NYSE:CVX)

Bath Savings Trust Co trimmed its position in shares of Chevron Co. (NYSE:CVX) by 0.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,404 shares of the oil and gas company’s stock after selling 72 shares during the period. Bath Savings Trust Co’s holdings in Chevron were worth $3,969,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Rational Advisors LLC bought a new position in shares of Chevron during the 3rd quarter valued at about $29,000. Legacy Investment Solutions LLC purchased a new stake in shares of Chevron in the third quarter worth about $29,000. Darwin Wealth Management LLC bought a new position in Chevron during the third quarter valued at approximately $30,000. RPg Family Wealth Advisory LLC purchased a new position in Chevron during the 3rd quarter valued at approximately $31,000. Finally, Cyrus J. Lawrence LLC increased its stake in Chevron by 66.7% in the 2nd quarter. Cyrus J. Lawrence LLC now owns 250 shares of the oil and gas company’s stock worth $39,000 after acquiring an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 72.42% of the company’s stock.

Insider Buying and Selling

In related news, CEO Michael K. Wirth sold 164,600 shares of the stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $160.13, for a total value of $26,357,398.00. Following the transaction, the chief executive officer now owns 4,280 shares of the company’s stock, valued at $685,356.40. This represents a 97.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.20% of the stock is owned by insiders.

Analyst Ratings Changes

CVX has been the topic of several recent research reports. DZ Bank upgraded shares of Chevron from a “hold” rating to a “buy” rating and set a $170.00 target price on the stock in a research report on Tuesday, November 5th. Royal Bank of Canada upped their price objective on Chevron from $170.00 to $175.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. Truist Financial lifted their target price on Chevron from $155.00 to $160.00 and gave the stock a “hold” rating in a report on Friday, December 6th. Wells Fargo & Company increased their price target on Chevron from $171.00 to $188.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Finally, Barclays raised their price target on Chevron from $168.00 to $174.00 and gave the stock an “overweight” rating in a research report on Monday, November 4th. Four equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $175.19.

Chevron Price Performance

CVX traded up $2.96 during trading on Tuesday, reaching $150.22. The company’s stock had a trading volume of 4,047,100 shares, compared to its average volume of 5,687,082. Chevron Co. has a 1 year low of $135.37 and a 1 year high of $167.11. The company has a quick ratio of 0.80, a current ratio of 1.07 and a debt-to-equity ratio of 0.13. The company has a market cap of $269.96 billion, a price-to-earnings ratio of 16.51, a PEG ratio of 2.93 and a beta of 1.12. The firm has a fifty day simple moving average of $153.60 and a two-hundred day simple moving average of $151.14.

Chevron (NYSE:CVX) last released its quarterly earnings data on Friday, November 1st. The oil and gas company reported $2.51 EPS for the quarter, beating analysts’ consensus estimates of $2.47 by $0.04. The firm had revenue of $50.67 billion for the quarter, compared to analysts’ expectations of $48.86 billion. Chevron had a return on equity of 13.15% and a net margin of 8.44%. The firm’s quarterly revenue was down 6.3% on a year-over-year basis. During the same period in the prior year, the firm posted $3.05 earnings per share. As a group, analysts anticipate that Chevron Co. will post 10.5 EPS for the current year.

Chevron Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Monday, November 18th were issued a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.34%. The ex-dividend date of this dividend was Monday, November 18th. Chevron’s dividend payout ratio (DPR) is currently 71.65%.

About Chevron

Chevron Corporation, through its subsidiaries, engages in the integrated energy and chemicals operations in the United States and internationally. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, production, and transportation of crude oil and natural gas; processing, liquefaction, transportation, and regasification of liquefied natural gas; transportation of crude oil through pipelines; transportation, storage, and marketing of natural gas; and carbon capture and storage, as well as a gas-to-liquids plant.